Pectra Upgrade Fuels Ethereum’s 43.6% Weekly Rally
The decentralized finance (DeFi) ecosystem is buzzing after Ethereum (ETH), the world’s second-largest cryptocurrency, surged nearly 20% on May 8, 2025, marking its biggest single-day gain since May 2021. Trading above $2,700—a 43.6% weekly increase—ETH has outpaced rivals like Bitcoin and Solana, fueled by the rollout of the Pectra upgrade on May 7. But with transaction fees climbing and network activity lagging, can Ethereum sustain its...
